指數 2025Q3：152.94  --> 2025Q4：141.30 ，-11.64

還息指數 2025Q3：219.14  --> 2025Q4：207.50 ，-11.64

 

2025全年(除息)

指數 2024Q4 : 153.85 --> 2025Q4：141.30，-12.55

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border-radius: 8px; padding: 16px; font-size: 16px; color: #535150; line-height: 180%; text-align: left; } .lexical__textBold { font-weight: bold; } .lexical__textItalic { font-style: italic; } .lexical__textUnderline { text-decoration: underline; } .lexical__textStrikethrough { text-decoration: line-through; } .lexical__textUnderlineStrikethrough { text-decoration: underline line-through; } .lexical__textSubscript { font-size: 0.8em; vertical-align: sub; } .lexical__textSuperscript { font-size: 0.8em; vertical-align: super; } .lexical__textCode { background-color: rgb(240, 242, 245); padding: 1px 0.25rem; font-family: Menlo, Consolas, Monaco, monospace; font-size: 94%; } </style></head><body><div class="article-container">指數 2025Q3：152.94  --> 2025Q4：141.30 ，-11.64還息指數 2025Q3：219.14  --> 2025Q4：207.50 ，-11.64 2025全年(除息)指數 2024Q4 : 153.85 --> 2025Q4：141.30，-12.55 (-8.16%)還息指數 2024Q4 : 220.05 --> 2025Q4：207.50，-12.55 (-5.70%) 今年績效很慘，慘兮兮...這陣子要好好想一下為什麼這幾年績效一直很差？要怎麼修正？ Q4主要動作：8462柏文減碼一部分停損2520冠德停損5871中租-KY加碼一點6951青新加碼一些Circle新增持股3218大學光 <div class="graf--img center"><div class="lexical__imageWrapper"><img src="https://images.vocus.cc/e5bcb790-1b56-49e6-8c29-93e1095a2ead.png" data-src="https://resize-image.vocus.cc/resize?compression=6&norotation=true&url=https%3A%2F%2Fimages.vocus.cc%2Fe5bcb790-1b56-49e6-8c29-93e1095a2ead.png&width=347&sign=uQe3t2RTU9KJjAS3rrpGoDUQXn6rySG3LPJs-ykqVoY" class="lazy" data-loaded="false" data-original-src="https://images.vocus.cc/e5bcb790-1b56-49e6-8c29-93e1095a2ead.png" data-lowquality="false" data-width="347" data-height="433" data-retry="0" onerror="Number(this.dataset.retry) > 4 ? this.src='/static/default-error-img.svg': (() => {this.src=this.dataset.originalSrc; this.dataset.retry = Number(this.dataset.retry)+1;})()" data-istopthreeimage="false" alt="raw-image"></div><div></div></div><div class="graf--img center"><div class="lexical__imageWrapper"><img src="https://images.vocus.cc/802deba8-ecb3-43ba-9ccd-82ec4e3babd6.png" data-src="https://resize-image.vocus.cc/resize?compression=6&norotation=true&url=https%3A%2F%2Fimages.vocus.cc%2F802deba8-ecb3-43ba-9ccd-82ec4e3babd6.png&width=740&sign=BoBc4WwKoZ7wzG5DdBTqacbXPO7xbIq4CLzatzVkrfw" class="lazy" data-loaded="false" data-original-src="https://images.vocus.cc/802deba8-ecb3-43ba-9ccd-82ec4e3babd6.png" data-lowquality="false" data-width="1600" data-height="671" data-retry="0" onerror="Number(this.dataset.retry) > 4 ? this.src='/static/default-error-img.svg': (() => {this.src=this.dataset.originalSrc; this.dataset.retry = Number(this.dataset.retry)+1;})()" data-istopthreeimage="false" alt="raw-image"></div><div></div></div> <a href="https://blogger.googleusercontent.com/img/a/AVvXsEh4JaOeLnvRVUcEVQNVFvspBQS14E55pGGqwv3XRUsU3zw-YmKCbe07aemicR3bQcSkWMl075tsYnK6JUu9RruVgIlm-O-Xe85yHGvVG9u5RU5__qjlqvse6JysZwEYxeAhBIxH6BXITGIBSedHY7hMhwleODbu82dIOXeYZYA8LqDDXRZgVG9MtWIlOd71"></a> <a href="https://blogger.googleusercontent.com/img/a/AVvXsEi7Z_IWi4n4I0m-qL0FaHBph0ouZ8GjHESGw5Z_EvOG9iGuUzBBZ1AkW2WdkVv0uOYbwJUCA23Lw-hDVGGvcwaY4R2VY6xYGWs9IG_PUCZehQSZQbKyNmLdbf3oRbZzaf5IwBgWZm2O3jpieHlVO1U62f8IHLYxsmNuuK3pj8O5F4_4EbccbWpO4GCNHG-4"></a> </div></body></html>

以行動支持創作者！付費即可解鎖

贊助珍奶

投資理財

交易反思錄：從人性弱點到量化投資紀律的升級之路（2021-2025年經驗總結）

青新環境工程2025年Q3法說會重點：醫療廢棄物、事業廢棄物雙引擎，佈局資源循環經濟

在 vocus 與你一起探索內容、發掘靈感的路上，我們又將啟動新的冒險——vocus App 正式推出！
現在起，你可以在 iOS App Store 下載全新上架的 vocus App。
無論是在通勤路上、日常空檔，或一天結束後的放鬆時刻，都能自在沈浸在內容宇宙中。

方格子 vocus 官方沙龍

vocus App 正式推出｜立即下載 iOS 版，打開全新內容宇宙

市場經驗拉長之後，很多投資人都會遇到同一個問題：不是方向看錯，而是部位太集中個股，常常跟大趨勢脫節。

早年的台股環境，中小股非常吃香，反而權值股不動，但QE量化寬鬆後，特別是疫情之後，後疫情時代，鈔票大量在股市走動，這些大資金只能往權值股走，因此早年小P的策略偏向中小型個股，但近年AI興起，高技術

小P趨勢投資

小P觀察｜一籃子vs單壓個股: 以00858永豐美國500大為例

價值成長投資｜
深耕台美股的價值投資者--透過產業趨勢研究、數據與基本面分析，捕捉具長期成長潛力的合理標的。

閎心坊

指數

2025年

小閎指數20251231-2025年第四季投資組合績效回顧與調整策略

指數&nbsp;2025Q3：152.94&nbsp; --&gt; 2025Q4：141.30 ，-11.64還息指數&nbsp;2025Q3：219.14&nbsp; --&gt; 2025Q4：207.50 ，-11.64&nbsp;2025全年(除息)指數&nbsp;2024Q4 : 153.85 --&gt; 2025Q4：141.30，-12.55 (-8.16%)還息指數&nbsp;2024Q4 : 220.05&nbsp;--&gt;&nbsp;2025Q4：207.50，-12.55 (-5.70%) 今年績效很慘，慘兮兮...這陣子要好好想一下為什麼這幾年績效一直很差？要怎麼修正？ Q4主要動作：8462柏文減碼一部分停損2520冠德停損5871中租-KY加碼一點6951青新加碼一些Circle新增持股3218大學光 <div class="lexical__image center"><div class="lexical__imageWrapper"><img src="https://resize-image.vocus.cc/resize?compression=6&amp;norotation=true&amp;url=https%3A%2F%2Fimages.vocus.cc%2Fe5bcb790-1b56-49e6-8c29-93e1095a2ead.png&amp;width=347&amp;sign=uQe3t2RTU9KJjAS3rrpGoDUQXn6rySG3LPJs-ykqVoY" fetchpriority="high" data-src="https://resize-image.vocus.cc/resize?compression=6&amp;norotation=true&amp;url=https%3A%2F%2Fimages.vocus.cc%2Fe5bcb790-1b56-49e6-8c29-93e1095a2ead.png&amp;width=347&amp;sign=uQe3t2RTU9KJjAS3rrpGoDUQXn6rySG3LPJs-ykqVoY" data-loaded="true" data-original-src="https://images.vocus.cc/e5bcb790-1b56-49e6-8c29-93e1095a2ead.png" data-lowquality="false" data-width="347" data-height="433" data-retry="0" onerror="Number(this.dataset.retry) > 4 ? this.src='/static/default-error-img.svg': (() => {this.src=this.dataset.originalSrc; this.dataset.retry = Number(this.dataset.retry)+1;})()" data-istopthreeimage="true" alt="raw-image"></div><div></div></div><div class="lexical__image center"><div class="lexical__imageWrapper"><img src="https://resize-image.vocus.cc/resize?compression=6&amp;norotation=true&amp;url=https%3A%2F%2Fimages.vocus.cc%2F802deba8-ecb3-43ba-9ccd-82ec4e3babd6.png&amp;width=740&amp;sign=BoBc4WwKoZ7wzG5DdBTqacbXPO7xbIq4CLzatzVkrfw" fetchpriority="high" data-src="https://resize-image.vocus.cc/resize?compression=6&amp;norotation=true&amp;url=https%3A%2F%2Fimages.vocus.cc%2F802deba8-ecb3-43ba-9ccd-82ec4e3babd6.png&amp;width=740&amp;sign=BoBc4WwKoZ7wzG5DdBTqacbXPO7xbIq4CLzatzVkrfw" data-loaded="true" data-original-src="https://images.vocus.cc/802deba8-ecb3-43ba-9ccd-82ec4e3babd6.png" data-lowquality="false" data-width="1600" data-height="671" data-retry="0" onerror="Number(this.dataset.retry) > 4 ? this.src='/static/default-error-img.svg': (() => {this.src=this.dataset.originalSrc; this.dataset.retry = Number(this.dataset.retry)+1;})()" data-istopthreeimage="true" alt="raw-image"></div><div></div></div> <a href="https://blogger.googleusercontent.com/img/a/AVvXsEh4JaOeLnvRVUcEVQNVFvspBQS14E55pGGqwv3XRUsU3zw-YmKCbe07aemicR3bQcSkWMl075tsYnK6JUu9RruVgIlm-O-Xe85yHGvVG9u5RU5__qjlqvse6JysZwEYxeAhBIxH6BXITGIBSedHY7hMhwleODbu82dIOXeYZYA8LqDDXRZgVG9MtWIlOd71"></a> <a href="https://blogger.googleusercontent.com/img/a/AVvXsEi7Z_IWi4n4I0m-qL0FaHBph0ouZ8GjHESGw5Z_EvOG9iGuUzBBZ1AkW2WdkVv0uOYbwJUCA23Lw-hDVGGvcwaY4R2VY6xYGWs9IG_PUCZehQSZQbKyNmLdbf3oRbZzaf5IwBgWZm2O3jpieHlVO1U62f8IHLYxsmNuuK3pj8O5F4_4EbccbWpO4GCNHG-4"></a>